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EQT backs out of takeover bid for UK's Oxford Biomedica - Finance news and analysis from Global Banking & Finance Review
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EQT backs out of takeover bid for UK's Oxford Biomedica

Published by Global Banking & Finance Review

Posted on February 25, 2026

1 min read

· Last updated: February 25, 2026

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private equity Biotech

EQT Walks Away From Takeover Bid for UK’s Oxford Biomedica plc

Decision Announced on Feb 25, 2026

EQT Ends Oxford Biomedica Takeover Talks

Feb 25 (Reuters) - Private equity group EQT said on Wednesday it had decided not to proceed with a takeover offer for Oxford Biomedica, sending the British cell and gene therapy manufacturer's shares down nearly 10%.

Byline and Attribution

(Reporting by Ankita Bora in Bengaluru; Editing by Shreya Biswas)

Key Takeaways

  • EQT decided not to proceed with a takeover of Oxford Biomedica.
  • The Rule 2.8 statement restricts EQT from making another offer for a period unless exceptions apply.
  • Oxford Biomedica shares fell nearly 10% on the news.
  • The PUSU deadline had been extended to Feb 25, 2026, before EQT withdrew.
  • No financial terms or reasons for withdrawal were disclosed.

References

Frequently Asked Questions

What is the main topic?
EQT decided not to proceed with a takeover of Oxford Biomedica on Feb 25, 2026, which led to a near-10% drop in the biotech firm’s shares.
Why did EQT withdraw its offer?
EQT issued a Rule 2.8 statement saying it does not intend to make an offer. The announcement did not disclose reasons or terms.
What are the implications under UK takeover rules?
After a Rule 2.8 statement, EQT is generally restricted for six months from making another offer unless exceptions apply, such as a third-party bid or board consent.

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